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BYH to the Pirate Radio clowns. Your hating on ECU athletics makes you look clueless. I thought your 14 year old humor...

UAE 'surprised and disappointed' over EU blacklisting

UAE says it's 'surprised and disappointed' about being blacklisted by EU as unfairly offering tax avoidance schemes

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Thursday, December 7, 2017

DUBAI, United Arab Emirates (AP) — The United Arab Emirates says it is “surprised and disappointed” about being blacklisted by the European Union along with 16 other countries the EU deems guilty of unfairly offering tax avoidance schemes.

The UAE said in a statement on Thursday that it’s “committed to a reform process which will be finalized by October 2018” and that it’s “absolutely confident this will ensure the UAE is swiftly removed from the list.”

The EU announced the list on Wednesday, though penalties still need to be confirmed.

The UAE is a federation of seven sheikhdoms that includes Dubai and the oil-rich capital of Abu Dhabi. Dubai’s massive real estate market has attracted both scrupulous and unscrupulous investors.

The UAE is largely tax-free, though value-added taxes will begin in the country on Jan. 1.

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